   Chapter 7.II, Problem 21RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent. List Price Trade Discount Trade Discount Rate Net Price La Bella, a chain of clothing boutiques, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount of 34% .a. What is the amount of the trade discount?b. What is the net amount LaBella owes Sandy Sport for the merchandise? (a) To determine To calculate: The trade discount if La Bella, a chain clothing boutique, purchased merchandise with a total list price of$25,450 from Sandy Sport, a manufacturer, and the order has a trade discount rate to 34%.

Explanation

Given Information:

It is given that La Bella, a chain clothing boutique, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount rate to 34%. Formula used: Trade discount is computed by multiplying the trade discount rate with the list price. Trade discount=List price×Trade discount rate Calculation: Consider the list price is$25,450 and trade discount rate is 34%

(b)

To determine

To calculate: The net price if La Bella, a chain clothing boutique, purchased merchandise with a total list price of \$25,450 from Sandy Sport, a manufacturer and trade discount rate is 34%.

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